La-Z-Boy Incorporated Announces Investment in Furniture Market Showrooms, Reinforcing Commitment to Industry Furniture Markets
February 05 2024 - 1:26PM
La-Z-Boy Incorporated (NYSE: LZB), a global leader in the
manufacture and retail of residential furniture, announced its
investment and ongoing support of key industry furniture markets.
La-Z-Boy Incorporated is formally extending the lease for its
portfolio of showrooms at High Point Market in Furniture Plaza,
High Point, NC and Las Vegas Market, B555 at World Market Center
Las Vegas, NV. La-Z-Boy is also committing to major renovations of
its showrooms in High Point, including showrooms for the La-Z-Boy
brand, La-Z-Boy International, and England Furniture. These
investments will allow La-Z-Boy Incorporated to better serve its
customers, partners, and all stakeholders.
“Our commitment today is wholly enabled by the
continued market success and financial stability of La-Z-Boy
Incorporated – even in the face of challenging industry and
economic conditions,” said Melinda D. Whittington, President and
Chief Executive Officer of La-Z-Boy Incorporated. “These
investments demonstrate our commitment to the industry furniture
markets, while reimagining the showrooms where our brands come to
life, as we meet our customers and demonstrate our product quality,
comfort, and style.”
“La-Z-Boy continues to make disciplined
investments in the face of a challenging industry environment,
reflecting the La-Z-Boy brand’s global strength. These showroom
investments also build on and celebrate the successful launch of
our Long Live the Lazy brand campaign,” said Robert Sundy,
President, La-Z-Boy Brand and Chief Commercial Officer of La-Z-Boy
Incorporated.
The company expects renovations on the La-Z-Boy
brand showroom in High Point to commence following April 2024
Market; the showroom will be reimagined and will prepare to carry
the La-Z-Boy brand into its next one hundred years. “We are looking
forward to delivering a modern, spacious, high-tech showroom for
our customers to experience the innovative, high quality and
uniquely comfortable offerings La-Z-Boy manufactures and sells,”
Sundy added.
The England showroom in Plaza Suites at High
Point is also being updated throughout with current finishes and
styles that will accentuate the high-quality product manufactured
and reliably delivered under the England brand. This remodel is
already underway, with completion planned in time for the April
2024 High Point Market and the celebration of 60 years of business
for England Furniture.
“England Furniture provides fast, custom
upholstered furniture made here in the United States, and our
investment in our showroom enables us to continue serving our
customers for decades to come,” added Tj Linz, President, Portfolio
Brands of La-Z-Boy Incorporated.
James Chickini, La-Z-Boy Incorporated Vice
President, Real Estate Development and Construction, noted,
“Finally, we want to thank, ANDMORE (formerly IMC), owner and
operator of Plaza Suites at High Point and World Market Center Las
Vegas, for their continued partnership. We also want to share our
appreciation to our design partners, Barbour Spangle Design and
Ryan Kronbetter Architect (RKA, PLLC), the High Point Market
Authority, and the City of High Point on this exciting project that
will benefit our company and the local economy.”
Media Contact:Mark Becks, CFA,
(734) 457-9538mark.becks@la-z-boy.com
About
La-Z-Boy:La-Z-Boy Incorporated is a
global leader in the manufacture and retail of residential
furniture, marketing furniture for every room of the home. The
Wholesale segment includes La-Z-Boy, England, American Drew®,
Hammary®, Kincaid® and the company's international wholesale
and manufacturing businesses. The company-owned Retail segment
includes 177 of the 353 La-Z-Boy Furniture Galleries® stores. The
Corporate and Other segment includes Joybird, an e-commerce
retailer and manufacturer of upholstered furniture that also has 11
stores in the U.S.
The corporation’s branded distribution network
is dedicated to selling La-Z-Boy Incorporated products and brands,
and includes 353 stand-alone La-Z-Boy Furniture Galleries® stores
and 521 independent Comfort Studio® locations, in addition to
in-store gallery programs for the company’s Kincaid and England
operating units. Additional information is available at
https://www.la-z-boy.com/.
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